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A Permabear Just Covered Nearly Every Short. Here's the One Trade He Won't Drop.

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ticker lesson

Breakdown

0:00diamond· ticker

Diamond — broken trend line, $60k resistance

  • Broken trend line
  • Rallying on mixed day
  • Strong resistance near prior highs
  • Earnings season volatility
1:57IWM· ticker

IWM — not primary focus, trend line break

  • Not spider or IWM
  • Trend line break
  • Semiconductors as nerve-wracking
3:41SOL· ticker

SOL — leveraged ETF, green bar

  • Big green bar on SOL
  • Semiconductor round-the-top risk
5:37XME· ticker

XME — short exited, lower lows

  • Exited XME short
  • Violent lower lows
  • First exhaustion at price gap
7:34lesson

Relief rally vs. meaningful patterns

  • Relief rally after long sell-off
  • Patterns can fake
  • Bullish pattern failed 2 days later
7:35metals· ticker

Metals — relief rally, right triangle

  • Relief rally in metals
  • Right triangle pattern
  • Base of triangle as key level
7:36GLD· ticker

GLD — rallying, triangle base

  • GLD rallying
  • Triangle base as key level
  • Miners exaggerated moves
7:37Silver· ticker

Silver — gap, right triangle

  • Silver gap pattern
  • Right triangle top
  • Bullish phase if trend line crossed
7:38lesson

Market range consolidation

  • Range-bound ES since May
  • Earnings data needed for phase shift
  • Oil/Iran volatility shrugged off
7:39SMH· ticker

SMH — below resistance, topping pattern

  • SMH below key resistance
  • Topping pattern potential
  • Avoid violating prior high
7:40gold· ticker

Gold — right triangle, bull run

  • Right triangle top
  • Bull run from $1k to $10k
  • Crude oil rally continues
7:41crude oil· ticker

Crude oil — price gap, descending trend

  • Crude oil rally
  • Price gap as buy signal
  • Descending trend line test

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